The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1887-06-11

ututiy got IL Dik tHink anu VIII WOfk IL
for al it il worth. The owners do not
believe in working a mine on paper and
will, therefore, adopt more practical
method OF doing it. They have got
mine there and, no doubt, large one,
and are not going to waste any time
booming il, but will mt once begin active
mining. AS was stated in former issue
Of this paper, work was commenced at
point about seventy-five feet west oi"B"
shaft OF the Paint River mine and a
shaft lowered thirty-eight and one-half
feet when ledge Of ore was encountered.
A blast was put in and considerable ore
thrown up. Mr.. w. s. Coffman, one OF
the owners, took samples OF this first ore
TO Chicago where IL was analysed, the re-
suit being 62.2S metallic iron, $3.50 silica
and .127 phosphorus. IL is quite reas-
enable to suppose that this ore will inn
prove materially on going down. The
shaft in which the ore was found is being
enlarged into working shaft, ten by
twelve feet inside, and being well tim
bered. A full plant OF machinery has
been ordered and will be put in working
order as soon as possible, when hosting
and shipping will be commenced. This
property will lose no time waiting for a
spur track, as il is located not twenty
five feet from the Paint River mine spur
and about one hundred feet from the
Great Western mine track. Developing
and cleaning up the property will be rap
idly carried on and by the time the ma
chinery arrives the mine will be in readi-
ness to begin active mining II is evil
dent that the Monitor has future before
it. Those interested are all hustlers and
gentlemen OF means and will see that the
property is well handled and will con-
duct things i'm such a manner that IL will
be great benefit TO Crystal Falls.
Prices remain very firm. with the lake
freights stronger The Marquette rates
seem settling down to S1.70, Will. SO. Ii
has been offered from Ashland and 50. %
asked. Gogebic mine owners maintain
that they can pay $2.15and not increase
their quotations, owing TO the TACT that
their mining equipments are much less
expensive than those OF other mining dis
tricts. There are some Indications Of
slight advances in the quotations OF some
ores, the furnacemen are so well supplied
that they could stand the raise without
much trouble az il would only affect n
very small proportion Of their seasons
stock. The situation on the docks is not
settled and there seems little reason for
anticipating a speedy adjustment OF diff
ferences. Only such ore as can be trans
ferred directly from the vessels TO the cars
by machinery is being. handled. The re-
ceipts for the week are less than for last
week, several vessels having changed
their course and put in Mt Fairport or
Ashtabula TO unload. The common
council il taking hand in the difficulty
and IL is proposed to send n committee
to General Superintendent Shaler with a
request that the matter be adjusted at
once. Quite n number OF men have been
brought to Cleveland during the week to
take the place OF the strikers, and bust
ness may be resumed next week. One
firm reports having sold something over
$1,000 tons Of No. specular and mag
netic Bessemer at full quotations. In
fact, it is impossible TO find the record ola
single transaction below the prices that
have ruled since midwinter. We therefore
quote:
No. 1 specular and magnetic Besse-
ores per tOn...............a........SI OOW1 %
No I specular mon Bessemer) ores
per ton. OO@o bO
besse,ner hemn,,es. ;i,....'''''''''''.' ao
Cleveland Iron Trade Review.
The new twenty-ton ore cars on the
Chicago < Northwestern railroad do
not seem 60 be just the thing. They are
found 10 be too high for most Of the
pockets ut the mines. The Youngstown
il the only mine in this district that can
use them at present, but IL is said that
other mines are arranging things SO that
the large cars can be used The inability
of the mines 20 use these cars entails
both expense and bother in the shipment
Of ore either the track under the peck
cts will have 20 be lowered, the pockets
raised or new pockets built, all Of which
means cost and trouble. Five hundred
OF these new twenty-ton cars are TO be
put i'm use by August 1. They are ten or
twelve inches higher than the old eight
ton cars so long i'm use and so familiar